-All of the following types of real property are depreciable except:

		Warehouses
		Land (Explain why this is correct)
		Office Buildings
		Test Facilities

-A machine which costs $50,000 when new has a 10 year lifetime and a salvage value equal to 10% of its original value. Determine the capital recovery costs, based on an interest rate of 7% per year, compounded annually.

		$6,757 (explain why this is correct)
		$7,106
		$7,797
		$7,824
		$7,541

-You have just invested $3,000 into an account that will earn a 9% annual interest rate. You want to have $8,000 in the account at the end of 5 years. In order to have $8,000 at the end of year 5, how much must you deposit at the end of the 3rd year?

		$2,848 (explain why this is correct)
		$2,613
		$2,397
		$3,384
		None of the above are within $50 of the correct amount